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20121205
20121213
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KCSM (PBS) 3
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Search Results 0 to 2 of about 3
PBS
Dec 5, 2012 7:00pm PST
revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides reach an agreement by the end of this year, the automatic tax increases and spending cuts will take effect in the new year. >>> time to get a check on the markets now. the nikkei here in tokyo rose above the key 9,500 level as concerns about the u.s. economy eased. the nikkei index right now trading at 9521, a gain of over .5% from wednesday's close. traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, sout
PBS
Dec 9, 2012 6:00pm PST
, that there be -- that it be done in a way that john boehner leaves with his dignity intact and a sense that he has achieved something. if it is just -- humiliation cannot be a byproduct. >> colby? >> it would not be a defeat for obama in any way. we go over the cliff, a stop because republicans sent over the cliff. -- it is because republicans send us over the cliff, not doing what americans want us to do. the american people think we ought to increase the rates. there is a principle there. they give on that, then the president has to do something on entitlements and put something on the table that is tangible, and we will have to deal. but if it they don't rely on those rates, we will go over the cliff and will be their fault. >> nina? >> everybody can see the outlines of a deal. the reason that president obama won't, i think, just be totally recalcitrant about this is that if we get this deal done, according to a number of top financial people i talk to this week, and the economy is likely to take off and save a lot of grief and make everybody feel a lot better, and congress will benefit from that as wel
PBS
Dec 9, 2012 6:30pm PST
john boehner and that republican leadership, that they don't believe in the country? >> no. you know, the members of congress who i know in both parties are patriotic. they love the country. but we've created an incentive system that gets you knocked off in your primaries, you know, unless you are willing to be intransigent and to say, "i will never compromise." you know, richard murdoch beat dick luger in indiana by saying, "i will never compromise." you know, bill, thank goodness he wasn't at the constitutional convention. we wouldn't have a country today. >> how did we incentivize obstinacy? >> well, one of the things that's happened is that the ideologues in both parties have really started focusing on the primaries, because we have a system, you know, 46 of the 50 states, if you lose in your party's primary, your name cannot be on the ballot in november. after joe biden became vice president and delaware had to elect a new senator, so, mike castle, obviously, was going to be the next senator, everybody knew that, but he lost the primary to a lady named christine o'donnell. so, t
Search Results 0 to 2 of about 3